Gurugram (25.06.2023): REC Limited has approved extending financial assistance up to Rs 3,045 Crore to Bangalore Metro Rail Corporation Limited (BMRCL) for establishment and development of Metro Line under Phase-II project in Bengaluru. REC in its Board meeting held on June 24, 2023 in Bengaluru inter alia has approved the proposal of BMRCL.

The Phase-II project comprises extension of existing two corridors of Phase-I on East–West Corridor and North–South Corridor and two new lines from R V Road to Bommasandra and Kalena Agrahara to Nagawara which will traverse through some of the dense and most traffic affected areas of Bengaluru. 

The Phase-II of the project will enhance connectivity and traffic ease in densely populated city of Bengaluru. With completion of Phase-II (72.09 km) the combined network of Bengaluru Metro Rail shall stands at line length of 114.39 km, with 101 Stations.

REC has forayed into funding infrastructure development and committed towards playing a pivotal role in transforming the developmental landscape of the development of the Nation.